ABSTRACT
A central purpose of Friedrich Hayek's later work was to demonstrate that political co-ordination of societies through bureaucracies was inherently inferior to economic co-ordination through markets. He wished, accordingly, to minimize the role of politics and government as much as possible. There is a curious asymmetry in his thought between the determinism of his economics and the voluntarism of his politics. The idea that the rise of modern industry was a guarantee of material abundance which was independent of the particular economic and political institutions which had accompanied it became a characteristic belief of the socialist era. Hayek pays no attention to political analysis of the shifting balance of forces and rival coalitions in particular historical situations. Hayek reserves special venom for E. H. Carr. He regarded Carr as one of a number of intellectuals who were playing a role in England similar to the role which Werner Sombart had played in Germany.
